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Flight Centre Travel Group and Virgin Australia have today announced a new agreement whichsets the course of the parties’ relationship for the next 10 years until 2027.

The deal covers all of Flight Centre Travel Group’s leisure and corporate travel brands andextends to all of its key geographic regions.

Flight Centre Managing Director Graham Turner said: "We are delighted to extend our relationshipwith Virgin Australia and to reach agreement on a longer term partnership that stretches wellbeyond the typical one or three-year airline-agency contract.

"Flight Centre Travel Group has worked closely with Virgin since its launch as Virgin Blue in 2000and as it has grown and evolved over the past 17 years.

"Today, Virgin Australia is an innovative and forward-thinking global airline, with strong productofferings for leisure and corporate travellers, an expansive domestic and international network anda clear understanding of the value that our distribution network provides across multiple channelsand multiple sectors.

"This new, long-term agreement is mutually beneficial and will allow us to work together to developand market new products and initiatives for our customers and to grow the overall travel market,both domestically and internationally."

Virgin Australia Airlines Acting Group Executive Rob Sharp said: "This agreement cements ourrelationship with Flight Centre as both companies continue to evolve and pursue new and excitingtravel solutions that will benefit our respective corporate and leisure travellers around the world.

“Flight Centre is the largest travel agency group in Australia with the widest distribution network,and it plays an important role in helping open up the world for those who want to see it. Thisagreement further allows Virgin Australia to continue to grow and enhance our global footprintalongside our alliance partners through Flight Centre’s expansive distribution network.

“With Flight Centre offering a world-class travel retail experience and corporate network, combinedwith our award-winning customer service and products, together we can offer an end-to-end, totaltravel experience that others will aspire to match,” Mr Sharp said.

Both companies have also reaffirmed their commitment to working together to evolve and enhancedistribution capabilities as new technology becomes available.